Medicare Advantage premiums rise slightly in 2023, eHealth report finds

Medicare Advantage premiums have risen for the first time in four years, and less enrollees are choosing $0 premium plans, according to a new report from online insurance marketplace eHealth.

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The Nov. 21 report is based on the plans selected by Medicare beneficiaries on eHealth’s platform between Oct. 15 and Nov. 8.

Four key takeaways:

  • For the first time in four years, MA average premiums have increased and currently sit at $7 per month for plans selected for 2023.
  • In 2021, 88 percent of MA enrollees chose plans with $0 premiums in the first half of the enrollment period, compared to 84 percent this year.
  • The average monthly premium this year for selected Part D plans is $31, compared to $10 last year.
  • Most MA enrollees say they can’t afford a Medicare supplement plan and 88 percent say they are satisfied with their MA coverage. Only six percent said they were not satisfied.

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